Web3 investment company DNA Fund acquires asset management company Coral Capital Holdings

According to BlockBeats, on October 19th, DNA Fund, which is involved in emerging technology and Web3 investments, acquired Coral Capital Holdings, an investment management company that previously managed the multi million dollar fund of DNA founders. DNA and its founders have invested in or established projects including Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. This acquisition will increase the asset size (AUM) managed by DNA Fund by over $50 million, including Coral's hedge funds and venture capital funds focused on DeFi, artificial intelligence, blockchain, and other emerging technology areas. Some of Coral's top investment projects include Near Protocol and Atmos Labs.